Day: July 4, 2022

Ethereum Close Below $1K Could Spark Larger Degree Downtrend

Ethereum is struggling below $1,080 against the US Dollar. ETH could decline heavily if there is a close below the $1,000 support zone. Ethereum remained in a bearish zone below $1,100 and $1,080 levels. The price is now trading below $1,100 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $1,050 on the hourly chart of ETH/USD (data feed via Kraken). The pair could decline again unless there is a clear move above the $1,120 resistance zone. Ethereum Price Remains At…

British Army’s social media accounts hacked by crypto scammers

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The British Army’s official Twitter, Facebook, and YouTube accounts were breached on July 3 for almost four hours, with scammers promoting rip-off non-fungible token (NFT) collections and cryptocurrency scams. Just after 2PM ET on July 3, the United Kingdom Ministry of Defence (MOD) Press Office tweeted it was aware the Army’s social media accounts were compromised and had begun an investigation. Nearly four hours later, close to 5:45PM ET, the Office provided an update that the account breaches were resolved. The British Army’s official Twitter account also apologized for the…

Bitcoin Struggles At $19K, Is $17K The Next Target?

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Bitcoin has been extremely choppy lately, the king coin lost 7% over the last week. This marks the worst quarter for Bitcoin as the coin shed close to 50% in the second quarter of this year. Post June, the cryptocurrency has noted the worst bearish price action. Over the last few days, BTC broke below the $20,000 mark and touched the $19,000 level. Consistent fall on the chart can push BTC to the next support line. Buying strength lowered considerably pushing BTC to lower levels over the last 24 hour.…

Crypto Mining: ప్రపంచంలోనే అతిపెద్దదైన ఈ క్రిప్టోమైన్‌లో ఏడాదంతా డబ్బులు పండిస్తారు | BBC Telugu

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io క్రిప్టో మైనింగ్‌పై చైనా నిషేధం విధించడంతో, క్రిప్టో మైనర్లు కజాకిస్తాన్ వచ్చి క్రిప్టో మైనింగ్ చేస్తున్నారు. ప్రపంచంలోనే అతి పెద్ద క్రిప్టో మైన్‌లో రోజుకు 24 గంటలు, ఏడాదికి 365 రోజులూ డబ్బులు పండిస్తున్నారు. ఇంతకీ వాళ్లెలా డబ్బులు పండిస్తున్నారో మీరే చూడండి. #BitCoin #CryptoCurrency #CryptoMining #Kazakhstan #China #DigitalMoney ___________ ఫేస్‌బుక్, ఇన్‌స్టాగ్రామ్, ట్విటర్‌లలో బీబీసీ తెలుగును ఫాలో అవ్వండి. ఫేస్‌బుక్: ఇన్‌స్టాగ్రామ్: ట్విటర్: ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

Sango crypto hub goes live in the Central African Republic

The Central African Republic (CAR) has launched its new government-backed Sango crypto hub initiative to foster the development of the local digital asset sector. The Sango project follows the CAR’s adoption of Bitcoin (BTC) as legal tender in April. The initiative aims to attract businesses and global crypto talent/enthusiasts, ramp up local BTC adoption and oversee the rollout of crypto regulatory frameworks and infrastructure. A Metaverse platform dubbed “The Crypto Island” and Sango Coin is also in the works. Speaking at the launch event on July 3, President Faustin-Archange Touadera…

Bitcoin Remains In Downtrend, What Could Spark Sharp Upside

Bitcoin is trading in a bearish zone below $19,500 against the US Dollar. BTC might start a sharp recovery wave if there is a move above the $19,500 resistance. Bitcoin failed to gain pace above the $19,500 and $19,600 resistance levels. The price is now trading below the $20,000 level and the 100 hourly simple moving average. There is a crucial bearish trend line forming with resistance near $19,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh decline unless there…

Cryptocurrencies Are a Clear Danger — Financial Stability Risks Likely to Grow – Regulation Bitcoin News

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India’s central bank, the Reserve Bank of India (RBI), sees cryptocurrencies as “a clear danger.” However, the financial stability risks posed by crypto assets currently appear to be “limited.” RBI on Crypto’s Danger and Financial Stability Risks The Reserve Bank of India (RBI) released the 25th issue of its Financial Stability Report (FSR) Thursday. RBI Governor Shaktikanta Das wrote: Cryptocurrencies are a clear danger. Anything that derives value based on make believe, without any underlying, is just speculation under a sophisticated name. The RBI chief further opined: “While technology has…

SBF denies FTX is eyeing distressed crypto mining companies

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Sam Bankman-Fried, the founder of crypto exchange FTX, has calmed speculation that the company is exploring acquisitions of distressed crypto mining companies, clarifying on Twitter on Saturday that they “aren’t really looking into the space.” “Really not sure why the meme about FTX and mining companies is spreading, the actual quote was that we *aren’t* really looking into the space,” clarified Bankman-Fried on Twitter on July 2. Speculation that the company was on the lookout for mining firms came from an interview with Bloomberg on July 1, after the FTX…